What is Wallyt? Wallyt Review

About Wallyt

Wallyt is a Hong Kong-based startup focused on mobile payments, offering a variety of products such as aggregated payment solutions, digital wallets, and electronic card systems. It claims to serve “hundreds of banks and non-bank financial institutions in more than 50 countries and regions” and processes more than 30 million transactions from more than 10 million merchants every day.

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1. Bringing together multiple payment methods

Wallyt brings together international payment methods to provide customers with a complete set of mobile payment solutions from payees to merchants, a one-stop service that meets diverse, multi-scenario, and multi-terminal payment needs.

2. E-wallet

Wallyt leverages its rich experience in mobile payment technology to provide financial institutions with e-wallet systems, applications, professional operation services, and help build a mobile payment ecosystem to develop the local mobile payment market.

3. Electronic card

With the experience of serving thousands of merchants around the world, Wallyt provides merchants with electronic card systems to help build electronic marketing platforms.

Development History

-In 2017, Wallyt became a UnionPay service provider; signed a contract with BOC Credit Card Center (International), the first bank in Hong Kong to open WeChat, to establish the first WeChat banking platform in Hong Kong, officially entering the overseas market; signed a contract with Australia AirPay, officially entering the Australian market; signed an agreement with Asia United Bank (AUB) to help them become the first bank to launch WeChat and Alipay locally, officially entering the Southeast Asian market. amz123

-In 2018, Wallyt cooperated with Bank of China (Hong Kong) to launch the first cross-border payment wallet: BOC Pay; signed an agreement with HSBC Group Hang Seng Bank to provide a complete solution for the mobile payment acquiring system; signed a contract with BDO Unibank, the largest bank in the Philippines, to provide mobile payment and cloud service solutions; signed a contract with the State Bank of India (BNI) to provide a complete solution for the mobile payment acquiring system; signed a contract with Cambodian bank Wing to help them become the first bank to launch WeChat Pay in Cambodia; signed a local wallet cooperation agreement with Malaysian Islamic Bank Muamalat; signed an agreement with Sri Lanka's largest commercial bank, Commercial Bank of Ceylon (CBC), to enter the South Asian market; strategically cooperated with AirPay to help many luxury brands such as GUCCI, Bottega Veneta, YSL and other brands go online; cooperated with Royal Cloud in the United Arab Emirates to provide a complete solution for the mobile payment acquiring system; signed a contract with IFX, one of the world's largest foreign exchange margin traders, to expand its business in Europe.

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